Kotak Mahindra Finance Limited received its banking license in 2003 and became the first non-banking finance company to be converted into a commercial bank – Kotak Mahindra Bank Ltd. It is the fourth largest Indian private sector bank by market capitalization, headquartered in Mumbai, Maharashtra.
Blaze of Brilliance
Kotak Mahindra Bank has over 641 branches and over 1,159 ATMs spread across 363 locations in the country. The bank, before merger with ING Vysya had around 29,000 employees.
Engagement that Enthralls
The bank offers personal finance solutions of every kind from savings accounts to credit cards, distribution of mutual funds to life insurance products.
Banker Magazine ranked KMBL 245th among the world’s top 500 banks with brand valuation of around half a billion dollars ($481 million) and brand rating of AA+. KMBL is also ranked among the top 5 Best Ranked Companies for Corporate Governance in IR Global Ranking.kotak
Kotak has one of the largest and most respected Wealth Management teams in India, providing the widest range of solutions to high net worth individuals, entrepreneurs, business families and employed professionals.
The symbol of Kotak Mahindra Group is the ‘Ka’, of distinctly Indian origin; while its curves form the universal ‘infinity’ sign, thus reflecting our uniquely global Indian personality.
1. Established in 2003 with core services like Deposit accounts, Loans, Investment services, Business banking solutions, Treasury and Fixed income products etc.
2. In 2014, Kotak Bank acquired ING Vysya Bank for a deal valued at INR 15000 crore (US$2.3 billion).
1. The bank promises to be the most trusted Global Indian Financial Services brand.
2. It aims to be the most preferred financial services employer with focus on creating value.